Star Bulk Carriers Corp. (SBLK)

[Mean Weimaraner]

+50% on the March $22 calls. Lots of time in the bank. The ships that were damaged are insured and they will not lose money by staying out of the Red Sea. They will sail around and charge more like everyone else. Driving rates up further.

Interesting that the Houthis would strike ships carrying corn to Iran. I’m not buying that story personally. Iran would never greenlight that and Houthi’s don’t call the shots.